The Bailout Recovery Package has been approved and hopefully we can move forward with our lives. The big question out there is where do we put our money for tomorrow? Please do not leave it under the mattress! We have to build faith again in our economic system in America. The principal of "Buy low, Sell high" needs to be considered.
Ocala, Belleview, Summerfield and The Villages, FL are well supplied with home inventory. Currently it will take two years to sell the available inventory in our area. The average market time to sell a home is over nine months. The one thing we have going for us is that central Florida is still a very desirable location for all due to our great weather.
Yet, people still need to have a place to live and the needs to buy and sell real estate remain constant. Many folks are downsizing due to energy challenges all over the country. Younger families in growth mode still desire to take advantage of these current lower prices and are buying larger homes. The one thing that is prevalent in the market is that buyers are making more decisions based on pricing more than on the emotional factors of choice.
Have you looked at what is going on in our real estate market? There are so many great buys out there. Just remember to be cautious by using Home Inspectors, Real Estate Appraisers and of course Real Estate professionals who are experienced and can make sure that you take all the right steps to protect your investments.
When buying homes, look for the basic 3 bedroom 2 bath 2 car garage homes. These are usually the easiest to rent and resale. Also, consider owner financed properties. This was a very common practice when interest rates were up in the teens back in the 1980's. This will be terms that are available with older more established properties, not the victim properties of the past few years. Location is another important factor when buying investment properties.
The final question to consider, is the election really going to make a difference on whether you buy a home now? Many people believe that the election will change our market. I hope that many people understand each one of us has to contribute to the idea of change no matter what the results of our forthcoming election. One thing we can all be sure of nothing ever stays the same.